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Health Insurance for "Humans" : Information Frictions, Plan Choice, and Consumer Welfare
Handel, Benjamin R. - 2013
preference factors in order to separately identify risk preferences, information frictions, and perceived plan hassle costs. The … dimensions that they are typically assumed to understand, perceive high plan hassle costs, and make choices that depend on these …
Persistent link: https://www.econbiz.de/10012459288
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New Innovations in Payments
Rysman, Marc - 2016
We discuss prospects for innovation in consumer payment instruments. We discuss recent research into consumer payments and what can be learned about consumer behavior towards new payment options. We consider three new innovations in payments: mobile payments, faster payments and digital...
Persistent link: https://www.econbiz.de/10012456318
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The Rise of E-Wallets and Buy-Now-Pay-Later : Payment Competition, Credit Expansion, and Consumer Behavior
Bian, Wenlong; Cong, Lin William; Ji, Yang - National Bureau of Economic Research - 2023
The past decade has witnessed a phenomenal rise of digital wallets, and the COVID-19 pandemic further accelerated their adoption globally. Such e-wallets provide not only a conduit to external bank accounts but also internal payment options, including the ever-popular Buy-Now-Pay-Later (BNPL)....
Persistent link: https://www.econbiz.de/10014287303
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Paycheck Receipt and the Timing of Consumption
Stephens, Melvin, Jr - 2002
This paper examines the consumption response to monthly paycheck receipt. Since the amount and arrival date of paychecks are known in advance, the receipt of a paycheck does not coincide with the receipt of new information. Under the basic rational expectations Life-Cycle/Permanent Income...
Persistent link: https://www.econbiz.de/10012469349
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Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka
De Mel, Suresh - 2018
In developing economies, mobile-linked services have the potential to significantly reduce transaction costs and … generally, but no change in overall savings deposits. When the transaction costs are completely removed, only 26 percent of … those offered the service use it, and 7 percent use it frequently. Overall, our results imply that transaction costs may not …
Persistent link: https://www.econbiz.de/10012481004
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Mobile Money : The Economics of M-PESA
Jack, William - 2011
Mobile money is a tool that allows individuals to make financial transactions using cell phone technology. In this paper, we report initial results of two rounds of a large survey of households in Kenya, the country that has seen perhaps the most rapid and widespread growth of a mobile money...
Persistent link: https://www.econbiz.de/10012461936
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Network Externalities and Technology Adoption : Lessons from Electronic Payments
Gowrisankaran, Gautam - 2002
We seek to analyze the extent and sources of network externalities for the automated clearinghouse (ACH) electronic payments system using a quarterly panel data set on individual bank adoption and usage of ACH. We provide three methods to identify network externalities using this panel data. The...
Persistent link: https://www.econbiz.de/10012469771
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Monetary Policy in a World Without Money
Woodford, Michael - 2000
This paper considers whether the development of electronic money' poses any threat to the ability of central banks to control the value of their national currencies through conventional monetary policy. It argues that even if the demand for base money for use in facilitating transactions is...
Persistent link: https://www.econbiz.de/10012470890
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Macro-economic Management in an Electronic Credit/Financial System
Stiglitz, Joseph E. - 2017
Modern technology provides the basis of an efficient low-cost electronic payments as an alternative to the current system where fiat money is the medium of exchange. This paper explores possible macro-economic implication, showing how such a financial system might enhance government's ability to...
Persistent link: https://www.econbiz.de/10012455648
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Can Currency Competition Work?
Fernández-Villaverde, Jesús - 2016
Can competition among privately issued fiat currencies such as Bitcoin or Ethereum work? Only sometimes. To show this, we build a model of competition among privately issued fiat currencies. We modify the current workhorse of monetary economics, the Lagos-Wright environment, by including...
Persistent link: https://www.econbiz.de/10012456518